Title

Authors

Featured Faculty

Julie Ragatz

Featured Center(s)

The American College Cary M. Maguire Center for Ethics in Financial Services

Document Type

Article

Publication Date

9-9-2016

Abstract

That's how more than a dozen former Wells Fargo employees described the bank's culture to CNNMoney. Wells Fargo (WFC)has been accused by federal regulators of illegal activity on a stunning level. Authorities say employees at the bank secretly created millions of unauthorized bank and credit card accounts between 2011 and July 2015, allowing the bank to make more money in fees and meet internal sales targets.